PH Resorts says parent Udenna still backs its liabilities
Philippines-listed PH Resorts Group Holdings Inc, promoter of a stalled casino project, Emerald Bay (pictured in a file photo), in Cebu, says its ultimate parent, Udenna Corp, “has demonstrated that it has the ability and willingness to support the group in its financial obligations”. PH Resorts reported a third-quarter net loss of PHP101.3 million (US$1.7…